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[SMM afternoon Review] South China Aluminum: Guangdong increases the discount to Shanghai, and the market transaction is dominated by traders.
Jul 22,2019 11:58CST
translation
Source:SMM
The discount between Guangdong and Shanghai is enlarged, and the market transactions are dominated by traders.
The content below was translated by Tencent automatically for reference.

SMM, July 22: early afternoon aluminum performance first suppressed and then rose. Today, the transaction price in Guangdong was concentrated at 13800 to 13810 yuan / ton in the morning, and then the aluminum futures hit bottom, the transaction price rose to 13810 to 13820 yuan / ton, and the price difference between Guangdong and Shanghai fell further to 30 yuan / ton. Today, trading between traders is OK, the holder's willingness to ship is strong; the local downstream processing enterprises due to the price drop performance wait-and-see, receive goods very little. On the whole, the spot circulation of aluminum ingots in South China today is mainly traded by traders, and the transaction is mediocre.

(SMM Li Hao 021 5166 6863)

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